April 2025 - Iraq launches $1.7b Bond - Public Encouraged to Invest

Iraq's Ministry of Finance has launched a new national bond offering worth 2.262 trillion Iraqi dinars (around $1.7 billion).  This is the third time the country has made bonds available to the public.

The bonds are being issued through the Public Debt Department, working together with the Central Bank of Iraq.

There are two types of bonds available:

• Type 1: Costs 500,000 IQD (about $380) and earns 8% interest per year, paid every six months for two years.

• Type 2: Costs 1,000,000 IQD (about $760) and earns 10% interest per year, paid every six months for four years.

You can buy these bonds from April 20 to May 20, 2025. Investing your IQD banknotes might be a good thing.

To subscribe, individuals or companies must visit a licensed bank with an ID and complete a purchase application.  Payments must be made using Iraq's RTGS payment system on the same day. Once payment is made, buyers will receive a temporary receipt until their bond certificate is officially issued.

The government is encouraging everyone—citizens, investors, and businesses—to take advantage of these bonds. They offer guaranteed returns and help support Iraq's economy and financial stability.

This article tells us two things. One. Iraqis are being introduced to public bond investment opportunities.  This is not Iraq's first bond offering, but this bond announcement is more inviting and inclusive.

Investors outside of Iraq should note that they must show up at the bank with a proper ID, and use Iraq's RTGS payment system.  Iraq's RTGS payment system is one of the most advanced electronic payment systems in the world.

According to Iraqi law, foreign investors are entitled to invest in the Iraqi market for securities, including shares and bonds1. However, the Iraqi government reserves the right to screen foreign direct investment. Foreign investors can contact participating banks and ask them directly for their investment procedures.